April 27, 2011 Leave a comment
Yahoo! Inc., the largest U.S. Web portal, sold its Web-bookmarking service Delicious to YouTube founders Chad Hurley and Steve Chen, part of a plan to offload underperforming sites.The service will become part of AVOS, a new Internet company, Hurley and Chen said today in a statement. Hurley is the chief executive officer of the new business.
“We’re excited to work with this fantastic community and take Delicious to the next level,” Hurley said. “We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the Web.”
“As we have said, part of our product strategy involves shifting our investment with off-strategy products to put better focus on our core strengths and fund new innovation,” Yahoo said in an e-mailed statement. “We believe this is the right move for the service, our users and our shareholders and look forward to watching the Delicious technology develop.”
The YouTube founders plan to “aggressively hire” to improve the service, making it easier to use. Hurley and Chen are relocating Delicious to San Mateo, California, near where they started YouTube.
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